Ihara Science Corporation (JASDAQ:5999) agreed to acquire 96.34% stake in Nantong Kihara, Inc. from Kihara Manufacturing CO.,LTD on February 16, 2017. Under the terms of the transaction, Nantong Kihara, Inc. will operate as a subsidiary of Suzhou Ihara Science Co., Ltd. which is wholly owned by Ihara Science Corporation. After the completion of the transaction, Nantong Kihara, Inc. will change its name to Nnatong Yiyuan Pipeline Co., Ltd. The transaction was resolved by Board of Directors on February 16, 2017. During the year ended December 2016, Nantong Kihara, Inc. reported net assets of CNY 20.6 million, total assets of CNY 26.9 million, revenue of CNY 23.2 million, operating loss of CNY 4 million and net income of CNY 0.36 million. The transaction is expected to be completed by April 2017. Ihara Science Corporation (JASDAQ:5999) cancelled the acquisition of 96.34% stake in Nantong Kihara, Inc. from Kihara Manufacturing CO.,LTD on February 16, 2018.